GDGI NEWS OUT!!!
Greenway Designs (OTCPK: GDGI) to Acquire Deal-X Technologies
Strategic Move into Proven Digital Coupon and Daily Deal Technologies Market
HUNTINGTON BEACH, CA / ACCESSWIRE / December 4, 2014 / Greenway Designs, Inc., (OTC Pink: GDGI) (PINKSHEETS: GDGI), announced today that it has signed a memorandum of understanding (MOU) to acquire Deal-X Technologies, Inc. Deal-X Technologies, Inc. is a Digital Coupon and Daily Deal Technologies Company that serves both local and national markets through its online brands. Deal-X also maintains joint ventures with key influencers that serve additional vertical markets.
“Obviously, we see this as a tremendous opportunity for Greenway Designs and our shareholders,” said Ben LeFrancois CEO, Greenway Design. “The online coupon space is proven but there is still a tremendous potential for growth. We look forward to sharing more about this acquisition as time goes on.”
The acquisition is part of Greenway’s strategic plan to build shareholder value by investing in high-growth, intellectual property-based businesses. Deal-X is in this category, with proprietary mobile couponing technology. The mobile/digital coupon market is in growth mode, with Juniper Research, for example, projecting that the sector will grow from $5.4 billion in 2012 to $43 billion in 2016(1), representing an eightfold increase.
Greenway Designs, Inc. expects to close this transaction in the very near future. The company did not disclose terms of the MOU.
About Greenway Design Group, Inc.
Established in 2005, Greenway Design Group, Inc. is a green technologies company aggressively pursuing business opportunities to increase shareholders value. The company is the innovator of Cool-n-Save(R) – a unique invention that significantly reduces energy consumption of conventional air conditioning systems.
Safe Harbor
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company’s current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company’s business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with OTC Markets, Inc.’s OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
(1) http://www.brainsins.com/en/blog/mobile-coupo...-2016/1270
CONTACT:
Ben Lefrancois
800-399-6158
ben@greenwaydesigns.com
SOURCE: Greenway Designs, Inc.
http://www.accesswire.com/img.ashx?id=423787
Greenway Designs (OTCPK: GDGI) to Acquire Deal-X Technologies
Strategic Move into Proven Digital Coupon and Daily Deal Technologies Market
HUNTINGTON BEACH, CA / ACCESSWIRE / December 4, 2014 / Greenway Designs, Inc., (OTC Pink: GDGI) (PINKSHEETS: GDGI), announced today that it has signed a memorandum of understanding (MOU) to acquire Deal-X Technologies, Inc. Deal-X Technologies, Inc. is a Digital Coupon and Daily Deal Technologies Company that serves both local and national markets through its online brands. Deal-X also maintains joint ventures with key influencers that serve additional vertical markets.
“Obviously, we see this as a tremendous opportunity for Greenway Designs and our shareholders,” said Ben LeFrancois CEO, Greenway Design. “The online coupon space is proven but there is still a tremendous potential for growth. We look forward to sharing more about this acquisition as time goes on.”
The acquisition is part of Greenway’s strategic plan to build shareholder value by investing in high-growth, intellectual property-based businesses. Deal-X is in this category, with proprietary mobile couponing technology. The mobile/digital coupon market is in growth mode, with Juniper Research, for example, projecting that the sector will grow from $5.4 billion in 2012 to $43 billion in 2016(1), representing an eightfold increase.
Greenway Designs, Inc. expects to close this transaction in the very near future. The company did not disclose terms of the MOU.
About Greenway Design Group, Inc.
Established in 2005, Greenway Design Group, Inc. is a green technologies company aggressively pursuing business opportunities to increase shareholders value. The company is the innovator of Cool-n-Save(R) – a unique invention that significantly reduces energy consumption of conventional air conditioning systems.
Safe Harbor
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company’s current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company’s business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with OTC Markets, Inc.’s OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
(1) http://www.brainsins.com/en/blog/mobile-coupo...-2016/1270
CONTACT:
Ben Lefrancois
800-399-6158
ben@greenwaydesigns.com
SOURCE: Greenway Designs, Inc.
http://www.accesswire.com/img.ashx?id=423787
